within the construction industry as their overdraft
- January 22, 2016
- Posted by: nlf-admin
- Category: Finance & accounting
Pakistan Bureau of Statistics has launched the new Labour Force Survey (LFS) 2017-18 in January 2019 after a gap of three years. The last survey was held in 2015. The new data is quite relevant in understanding the state of labour rights in the country and where we are headed. It will also help in reporting progress on sustainable development goals.
The new data indicates gradual formalisation of economy (28 percent of the non-agricultural employment is in the formal sector) and a first time reduction in share of agriculture in the total employment to 38 percent (was 42 percent in 2015). The remaining employment (62 million workers) is distributed in industry (24 percent) and services sectors (38 percent). Agriculture still contributes 19 percent to the national GDP. The intersectoral movement of workforce from agriculture to other sectors should continue to increase overall income and productivity levels in the country, as stipulated under SDG 8.2